CMCH INSURANCE NOW REQUIRED FOR PRIVATE SALES: Be aware that buying privately may cost you!  A premium of 1%, is being charged, by some financial institutions, on the total value of the property, even if you have saved a 20% down payment. 

This will ad a cost if buying, and be a concern if selling. What if the buyer cannot come up with that extra cash?  Where is the saving to Buyer / Seller? What happens to the sale?

Buyers: If you think you purchased and got a good price, you may still need to ad this extra cost if you have bought privately. You will need to factor this into your total purchase. Do you have that money?

Sellers: If you received a good price, how will the extra financing costs to your buyer affect your sale? Can a Buyer afford this extra costs, or will the financing, and your sale, fall through?

To get fair market value for your home, and pay fair market value for your purchase, without surprise costs, buying with a realor can save you money.